What's Going On With Nvidia Stock Monday?
Portfolio Pulse from Adam Eckert
NVIDIA Corp (NASDAQ:NVDA) shares are trading higher on Monday as multiple analysts raised their price targets ahead of the company's earnings report this week. Analysts from Baird, Stifel, and Rosenblatt have all maintained positive ratings and increased their price targets. Nvidia is expected to report strong earnings and revenue, continuing its trend of surpassing expectations due to high demand for AI chips.
May 20, 2024 | 1:16 pm
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NVIDIA shares are trading higher as multiple analysts raised their price targets ahead of the company's earnings report. Analysts from Baird, Stifel, and Rosenblatt have all maintained positive ratings and increased their price targets, reflecting strong expectations for Nvidia's performance. The company is expected to report strong earnings and revenue, driven by high demand for AI chips.
The positive analyst ratings and increased price targets indicate strong confidence in Nvidia's upcoming earnings report. The company's consistent performance in surpassing expectations and the high demand for its AI chips are likely to drive the stock price higher in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100